Common use of Payments on Proof of Delivery Clause in Contracts

Payments on Proof of Delivery. Subject to the other provisions of this agreement, Cashlesso shall endeavour to instruct the Nodal/Escrow Bank to make payment of Customer Charge less the MDR to the Merchant within 2 business Days upon receipt of the same from the Acquiring Bank. Xxxxxxxx agrees that the payment of Customer Charge, less the MDR shall be made to the Merchant only upon actual receipt of Customer Charge by Nodal/Escrow Bank and upon reconciliation of funds by Acquiring Bank, Cashlesso and the Nodal/Escrow Bank. Provided, however that, the MDR may be revised periodically by Cashlesso, and Cashlesso will advise the Merchant of any such change as soon as practicable. The Merchant agrees that the Facility Providers and/or the Acquiring Banks reserve the rights to call for Dispatch Proof at any time and the Merchant agrees to comply with such requests forthwith. Dispatch Proof shall be maintained by the Merchant for a period of at least 18 months from the date of Delivery and shall be open to inspection by Cashlesso, the Facility Providers and the Acquiring Banks at all times. The Merchant shall bear and be responsible and liable for the payment of all of their relevant taxes (including any applicable withholding taxes) in relation to the payments made under this Agreement. Cashlesso will make all the possible efforts to settle the amount on T+2 basis to the Merchant’s account however in any situation where the amount is not settled by the Acquiring Bank/Payment partner to the Cashlesso’s account there can be a delay in settling this amount to the Merchant’s account.

Payments on Proof of Delivery. 4.1.1 Subject to the other provisions of this agreementhereof, Cashlesso WEPL shall endeavour to instruct the Nodal/Escrow Nodal Bank to make payment of Customer Charge less the MDR Transaction Discount Rate to the Merchant within 2 (two) business Days days upon receipt of the same from the Acquiring Bank. Xxxxxxxx , the same be subject to production of despatch proof in respect of each of the Customer purchase to WEPL by the Merchant as may be specifically requested for. 4.1.2 Merchant agrees that the payment of Customer Charge, less the MDR Transaction Discount Rate / Transaction Charges shall be made to the Merchant only upon actual receipt of Customer Charge by Nodal/Escrow Nodal Bank and upon reconciliation of funds by Acquiring Bank, Cashlesso WEPL and the Nodal/Escrow Nodal Bank. Provided, however that, the MDR Transaction Discount Rate may be revised periodically by CashlessoWEPL, and Cashlesso WEPL will advise the Merchant of any such change as soon as practicable. . 4.1.3 The Merchant agrees that the Facility Providers and/or the Acquiring Banks reserve the rights to call for Dispatch Proof at any time and the Merchant agrees to comply with such requests forthwith. . 4.1.4 Dispatch Proof shall be maintained by the Merchant for a period of at least 18 months one (1) year from the date of Delivery and shall be open to inspection by CashlessoWEPL, the Facility Providers and the Acquiring Banks at all times. . 4.1.5 The Merchant shall bear and be responsible and liable for the payment of all of their relevant taxes (including any applicable withholding taxes) in relation to the payments made under this Agreement. Cashlesso will make all the possible efforts to settle the amount on T+2 basis to the Merchant’s account however in any situation where the amount is not settled by the Acquiring Bank/Payment partner to the Cashlesso’s account there can be a delay in settling this amount to the Merchant’s account.

Payments on Proof of Delivery. 4.1.1 Subject to the other provisions of this agreementhereof, Cashlesso WEIPL shall endeavour to instruct the Nodal/Escrow Bank to make payment of Customer Charge less the MDR Transaction Discount Rate to the Merchant within 2 T+1 business Days days (as per the applicable regulatory guidelines) upon receipt of the same from the Acquiring Bank. Xxxxxxxx , the same be subject to production of dispatch proof in respect of each of the Customer purchase to WEIPL by the Merchant as may be specifically requested for. 4.1.2 Merchant agrees that the payment of Customer Charge, less the MDR Transaction Discount Rate / Transaction Charges shall be made to the Merchant only upon actual receipt of Customer Charge by Nodal/Escrow Bank and upon reconciliation of funds by Acquiring Bank, Cashlesso WEIPL and the Nodal/Escrow Bank. Provided, however that, the MDR Transaction Discount Rate may be revised periodically by CashlessoXXXXX, and Cashlesso WEIPL will advise the Merchant of any such change as soon as practicable. . 4.1.3 The Merchant agrees that the Facility Providers and/or the Acquiring Banks reserve the rights to call for Dispatch Proof at any time and the Merchant agrees to comply with such requests forthwith. . 4.1.4 Dispatch Proof shall be maintained by the Merchant for a period of at least 18 months one (1) year from the date of Delivery and shall be open to inspection by CashlessoWEIPL, the Facility Providers and the Acquiring Banks at all times. . 4.1.5 The Merchant shall bear and be responsible and liable for the payment of all of their relevant taxes (including any applicable withholding taxes) in relation to the payments made under this Agreement. Cashlesso will make all the possible efforts to settle the amount on T+2 basis to the Merchant’s account however in any situation where the amount is not settled by the Acquiring Bank/Payment partner to the Cashlesso’s account there can be a delay in settling this amount to the Merchant’s account.

Payments on Proof of Delivery. Subject to the other provisions of this agreementhereof, Cashlesso shall endeavour to instruct the Nodal/Escrow Nodal Bank to make payment of Customer Charge less the MDR Transaction Discount Rate to the Merchant within 2 business Days upon receipt of the same from the Acquiring Bank. Xxxxxxxx Merchant agrees that the payment of Customer Charge, less the MDR Transaction Charges shall be made to the Merchant only upon actual receipt of Customer Charge by Nodal/Escrow Nodal Bank and upon reconciliation of funds by Acquiring Bank, Cashlesso and the Nodal/Escrow Nodal Bank. Provided, however that, the MDR Transaction Charges may be revised periodically by Cashlesso, and Cashlesso will advise the Merchant of any such change as soon as practicable. The Merchant agrees that the Facility Providers and/or the Acquiring Banks reserve the rights to call for Dispatch Proof at any time and the Merchant agrees to comply with such requests forthwith. Dispatch Proof shall be maintained by the Merchant for a period of at least 18 months from the date of Delivery and shall be open to inspection by Cashlesso, the Facility Providers and the Acquiring Banks at all times. The Merchant shall bear and be responsible and liable for the payment of all of their relevant taxes (including any applicable withholding taxes) in relation to the payments made under this Agreement. Cashlesso will settle the amount to the Merchant’s account on T+2 basis for all payment methods, where ‘T’ is referred to as the Transaction date. Cashlesso will make all the possible efforts to settle the amount on T+2 basis to the Merchant’s account however in any situation where the amount is not settled by the Acquiring Bank/Payment partner to the Cashlesso’s account there can be a delay in settling this amount to the Merchant’s account.